Automotive Service
For Sale
$1,699,000
70 Bennington Ave, Freeport, NY 11520
Industrial automotive building with one overhead door, 12' clear ceilings, 400-amp power, and sprinklered interior.
Property Size6,200 SF
Price / SF$283.17
Days on Market48
Property Features for 70 Bennington Ave
General Information
Standard status
Active
Size
6,200 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
1
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,050
Building Details
Building Size
6,200 SF
Year Built
1948
Units
1
Listing Agency:
Douglas Elliman Comm of LI LLC
Listed By:
Michael Gronenthal · License #10301220147
(516) 439-6789
Source:
Elliman
Added: Jul 19
Changed: Aug 24
Last Checked: Sep 2 at 6:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Comm of LI LLC
Investment Insights
Based on property information with market context.
This automotive-focused industrial building is well suited for uses such as auto repair, auto body, fleet maintenance, detailing, and related automotive services. The property includes approximately 6,000 square feet of industrial space with one overhead door, 12' clear ceilings, 400-amp electrical service, gas heat, and a fully sprinklered interior.
The site is located just north of Sunrise Highway and provides access to Nassau County, Queens, Brooklyn, and the greater New York City market. It is within walking distance of the Freeport LIRR Station, supporting convenient transportation for employees and customers.
With its service-ready configuration and substantial electrical capacity, the building is designed to accommodate day-to-day operational needs for automotive users requiring enclosed industrial space.
The site is located just north of Sunrise Highway and provides access to Nassau County, Queens, Brooklyn, and the greater New York City market. It is within walking distance of the Freeport LIRR Station, supporting convenient transportation for employees and customers.
With its service-ready configuration and substantial electrical capacity, the building is designed to accommodate day-to-day operational needs for automotive users requiring enclosed industrial space.
Key Highlights
- Approximately 6,000 SF industrial space designed for automotive uses such as auto repair, auto body, and detailing
- One overhead door for vehicle access and operation
- 12' clear ceilings for automotive/industrial workflows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$118,818
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,376,360
$2.4M
Cap Rate 7%
$1,697,400
$1.7M
Cap Rate 9%
$1,320,200
$1.3M
Market Conditions
NOI Build-Up for 6,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$180.0K $30.00/SF
− Vacancy
−$10.3K −$1.71/SF
EGI
$169.7K $28.29/SF
− OpEx
−$50.9K −$8.49/SF
NOI
$118.8K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,376,360
Cap Rate 7%
$1,697,400
Cap Rate 9%
$1,320,200
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.98M
NOI $118,818 @ 7.0% cap · market cap 6.99%
Second Best
Industrial
$1.23M
$1.07M – $1.43M
NOI $85,868 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$3.97M
$3.47M – $4.63M
NOI $277,695 @ 7.0% cap · market cap 16.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
1
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,287
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11520, NY
45,121
Population
14,912
Households
3
Avg Household Size
39
Median Age
27%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
8,847
Density / Sq Mi
$119,407
Median Household Income
$47,475
Median Earnings
$1,984
Median Rent
$480,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Tra-Par Transmissions — 300 Buffalo Ave, Freeport, NY 11520
- Anchest Auto Glass of Freeport — 248 Buffalo Ave, Freeport, NY 11520
- Sevencan European Auto — 131 W Merrick Rd, Freeport, NY 11520
- Quinn's Freeport Auto Service Inc — 121 Guy Lombardo Ave, Freeport, NY 11520
- Maverick Auto Repair Service — 53 Smith St, Freeport, NY 11520
Frequently Asked Questions
What type of property is this?
Auto shop - Industrial automotive building with one overhead door, 12' clear ceilings, 400-amp power, and sprinklered interior.
Where is this auto shop located?
The property is located at 70 Bennington Ave Freeport, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Approximately 6,000 SF industrial space designed for automotive uses such as auto repair, auto body, and detailing; One overhead door for vehicle access and operation; 12' clear ceilings for automotive/industrial workflows
